Risk Assessment And Decision Making In Business And Industry: A Practical Guide - Second Edition

by Glenn Koller

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Product Description
Building upon the technical and organizational groundwork presented in the first edition, Risk Assessment and Decision Making in Business and Industry: A Practical Guide, Second Edition addresses the many aspects of risk/uncertainty (R/U) process implementation. This comprehensive volume covers four broad aspects of R/U: general concepts, implementation processes, technical aspects, and examples of application. Each section provides practical guidance, combining technical information with advice on how to implement R/U techniques and processes in real-world corporate environments. Following an examination of general principles involved in quantitatively assessing risks and their impact on value, the book describes the two main probabilistic measures of project value - Expected Value of Success (EVS) and the Expected Value for the Portfolio (EVP). The text clearly demonstrates how these metrics are used in individual-project and portfolio management. By presenting concepts in layman's terms and fully integrating advice related to technical and human characteristics of R/U-related corporate life, this book serves as a complete primer for professionals in any business environment. What's New in the Second Edition: · Provides guidance for implementation of R/U processes in modern corporations · Offers a crucial breakthrough by defining the terms "risk" and "uncertainty" in ways that can be applied in all aspects of science and business · Explores real-world impediments to process change and implementation · Addresses R/U from a corporate decision-maker's perspective, detailing how to employ R/U to set budgets, manage portfolios, value investments, and execute other critical tasks

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All Customer Reviews
Average Customer Review: 5 out of 5 stars

12 of 15 people found the following review helpful:

5 out of 5 stars

Great for Beginners and Intermediates!!, 2001-03-14
This book does an excellent job of laying out the basic of risk assessment, including all of the non-mathematical aspects, such as office politics and educating others in the use of risk models. It's easy to understand, even if you don't have a strong math background. I'm an English major, so I should know!

44 of 49 people found the following review helpful:

5 out of 5 stars

Unique book - very practical - no fluff, 1999-08-10
This is a great book for someone who is starting to practice Risk Assessment, either as a consultant, or internally. It covers the practical aspects of risk assessment studies which are usually overlooked, such as working and communicating with stakeholders. The 'softer' side of risk assessment theory is covered i.e. what does all this mean in plain english - how do you communicate the results etc.

The author has a good style, and the text does not contain the usual fluff and buzzwords often found in business-oriented books. Check it out!

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